The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1887-05-27

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Report Of the Directors or the Mint
\ for the Calendar Year Of 1880.
\ WAsHrseroS. Nay 20.-The report Of
the directors Of the mint in the produc-
ton Of the precious metals OF the United
States for the calendar year OF 1856. IL In
press, and will soon be ready for distri-
button. The directors estimate the pro-
duction Of the United States TO have
been, 1856:
Gold, ss5.oco.ooo; silver, ssl 100000.
The value Of the silver In the above esti-
mate is calculated 1t the coining rate or
silver in United States silver dollars.
namely, 9l.2e29 per ounce Ilna. The
production Of silver WAS 39,l45,3i2 fine|
ounces, Of the commercial value, II tho
average price Of silver during the year
namely, about 81 per fine ounce) oil
3o.]45.9l2. The production OF goldl
shows an increase over the prior}yesr ofI
e3,200,00O. The production OF silver isl
slightly less than in 1885.
A tabular statement shows that the |
production OF silver 10 the United States
has largely increased from 1850, when IL
was 39,2Oo,000 to 6l,0O0,OvO in 1856 /
The years product Of gold has epproxs-
mated the maximum Of the last seven
years. the product of 1850, which reached \
s6 100000, against 81, ,00O, 600 in 1886.
Colorado continues in the first rank a.
the largest producer OF the preciousII
metals in the United States, the value oflI
its production o. gold and silver having Il
been over t20.0O0,000 during the last
year. California yields second place 10 L
n Montana, with . production Of nearly ID
Sl7 ,000, 90 against SIG. .00O, 600 by the for
mer. The production OF Nevada sndl,
New Mexico has decreased, while that oil
the other States has remained slmostl
constant. Texas, for the first time, is adj
ded TO the list Of producing Ststee. with !
. production Of $2O0. 900 in silver. Thels
annual supply OF silver from the mines :
Of the world has largely increased ID the /;
last fourteen years, the period covered h
by the marked decline Ia the market. :,
price Of silver having doubled since 1879 H.
that is, from $50 000,O in that wear 10 J
$l24 900, 600 in 1856 During the calen- Y
dar year 1856. the changes in the price OIL
silver we're very marked Opening on l.,
The Sd ofJsnuary. 1886, At 06 1916 pence Il
per ounce, British standard, the ductu- I
atoms were slight until April. when i
commenced . rapid decline which con
inued until July 81, when the price oil,
silver reached AZ pence. remaining a :,
hat price until August 10. when IN al l.
vance took place, which continued until !,
30, when the price reached ~ !
pence, but reInained a. that point only = :
lhort time. The cl,sing quotation for 4
December 81 was l6f pence The aver y
lge price for the year was Is 37l pence.
equivalent 10 SO. l65 cents per ounce fine.l
The price Of silver At the present time isI
"a pence per ounce, British standard.
'quivalent 70 81 956 per ounce fine. Thcls'
'alue Of the gold deposited at the mInts :. =
4 the United States during the calendar :.
ear. lss6 was $79.057,e18, Of whicblsra =
'ver S2l O00O00 consisted OF foreign -
'ullion aud over $4,000 coo of foreign y
DIN. The deposits aud purchaser OIL
liver amounted to go 9,O66O7O. Tbe|.s,
oinage executed At the minis during the ~
alendar year consisted OF s.. 7s6. $50 pie IA
g Of the face value OF SCI SIS, ls8. The -
UNI Der OF silver dollars coined was 81 ~
236s6. on which the seignorage was =
2 ,095 36l.34. The director estimstesI
he stock of coin In the United States on :,
anuary /. 1887 10 have been In round :. I
CURES, gold, $560O00 900; silver, &32f.- sI
Do, 900; total. 1854 100000. In addition !. :
, the stock OF coin the Govern mcnt ~
wned In gold and silver bullion IN the =,
lint awaiting coinage OF the value oflh;'
old $6l. 400 00O, silver 100000; total cs' 80
56. 1000 D; total metallic stock on II
anuary 1. 1887, Of gold o648 400 900. ~
lver, e33l 800 600; total $973, 100000. -
The director presents official figures 10 ~,
low that Of the stock OF gold coin esti-
ated TO have been in the United Stateal
. the first Of the present year. there Ian
as IN the treasury Of the United States tn,
"a IN the National and State banks, and 1t
circulation on the Pacific slope. $500 leo.
5000, leaving $500 O00, 900 in the hands ths
the people and in the banks and saw ID 4,
g institutions Of the United States lie
st Of the Sierra Nevadas (other than as
sttonal banks and the $40 State banks vel
hich reported to the Comptroller OIL
Q Currency
The stock and ownership OF gold and pie
yer coins in the United States Jauu. ger
y !, 1887, IL given Is follows: United for
ates Treasurer, e1e6, go, ,l94: national ths
nks, $166995.556: State and other we
nks aud private individuals. o53l. l58 ihs
4; total SS505l 1854. zen
The total stock Of paper and metallic Tor
Dney In the United States the paper dei
either redeemable In coin or scruredl
bonds redeemsble In coin --amou nted !. =.
January !, lSs7, to tl,S70, ,9ls, ,93S. -, ~,
1.-THE
The people Of Indiana should keep the wr